I'm convinced that Obama's current economic policy is rather solid - the idea that you need to aggressively spend to jump-start the economy. It definitely worked for FDR back in the Great Depression. However, I am concerned over the way the money is spent / how efficient it's being put to use. Could use more focus. 15 trillion is definitely something ominous looming over our heads, but I really don't see how we would be able to cut and save enough to pay it back in a short enough time to not strain our economy. If Obama's plan works, it would be much more viable to pay it off over time (though as I've admitted before, the recovery has been rather slow and questionable).
I just can't see a government that's constantly trying to minimize its losses helping our economy. With it already being so large, trying to change it by spending months debating over things such as the Balanced Budget Amendment will only lead to a shaky economy (remember how unstable the market was back during the fight over our budget?) and a high chance of another shutdown = crash. I'm not going to side with either party on this one - it's just the plain inability of our elected officials to negotiate and come to a compromise; it's not even their fault since they reflect on how polarized our nation has become. Sadly, politicians have become heavily influenced by lobbyists and the extremes of their party (the loudest bunch). Moderates simply don't speak up enough.
Feel free to debate about it. I have an open mind, this is just my 2 cents.